The trend of flipping houses has become popular again, with the housing market seeing a 16% increase last year from 2012 and up 114% from 2011, according to RealtyTrac’s fourth-quarter 2013 Home Flipping Report. The one-time common trend began dropping after home prices started to plunge a few years ago. Now, as home prices are […]
According to the National Association of Realtors® (NAR), first-time homebuyers accounted for only 27% of all home sales in December 2013—the lowest level since the NAR started tracking such statistics in 2008. Factors that may be contributing to diminishing numbers include high student loans, poor credit scores, low employment, and the rise in home prices […]
RealtyTrac’s recent U.S. Foreclosure Market Report indicated that filings, such as default notices, bank repossessions, and auctions, dwindled to 1.36 million in 2013—a 26% decline from 2012 and a 53% decrease from the pinnacle in 2010. In addition, the report showed that 1.04% of all housing units, or one in every 96, had at least […]
RealtyTrac recently reported that a total of 14% of residential sales in the last year derived from people or institutions buying 10 or more residential properties. This is the highest level since RealtyTrac began tracking home purchases two years ago. Forty-nine percent of last month’s home sales were all-cash, up from 40% in August and […]
Last week, RealtyTrac announced its findings that some 600,000 homeowners had emerged from being “deeply underwater” (that is, with loan-to-value ratios in excess of 125%) since May. During that same time, CoreLogic also that homeowners are rapidly recapturing the equity they lost suddenly late in the last decade. Currently, more than 2.5 million more residential […]
RealtyTrac’s latest report shows that cash sales continued to rise, hitting 40 percent in July from 35 percent in June and 31 percent in July of 2012. RealtyTrac cited the recent uptick in interest rates as the reason for more cash buys, as some non-cash buyers can no longer afford to purchase a home, particularly […]
RealtyTrac’s Foreclosure Market Report recently came out. It showed that foreclosure filings were reported on 130,888 U.S. properties (one on every 1,001 residential units) during the month of July. That is a 2% increase from the previous month, but down 32% year over year. (Foreclosure filings consist of default notices, scheduled auctions and bank repossessions.) […]